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Fed’s White Paper on Housing: Uncle Sam a Landlord? Obama’s Plans for Re-Election?

Posted by Larry Doyle on January 5th, 2012 9:58 PM |

Housing and labor remain the cornerstones of our economy. In fact, the health of our labor market follows that of housing just like night follows day.

The near term prospects for both housing and labor remain decidedly challenging. The success of assorted federal programs to support housing so far have obviously been underwhelming.

That said, there are rumblings emanating from Washington that the Obama administration may end run Congress while unilaterally launching a massive program to support housing via Freddie/Fannie orchestrated refinancings.

Will this program be the ‘rabbit’ which Obama and team pull to prop the economy and their re-election chances in 2012?¬† (more…)






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